GBPUSD: The price is GROWING up to the WEEKLY RESISTANCE
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🟢Forex Pair:
GBP/USD
⚪Technical Analysis:
Since the 4th of February 2021, the price has been following an interesting uptrend, after a strong bullish impulse got on the level at about 1.35840, perfectly matching with a rejection on its ema 200 as well.
As you can see in the chart, the price seems is following the secondary trendline, breaking throught a daily S/R zone at about 1.39800 just few days ago.
🔴Conclusion:
In the daily time frame we can properly see a bullish market and I'm confident to see a trend continuation after an upcoming trend correction.
I'll be waiting for a pullback on its S/R zone and close to its secondary trendline before planning my long position on this trade.
Right now, I'd only keep this market in my watchlist!hypotheticalhypothetical
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
GBP/USD
⚪Technical Analysis:
Since the 4th of February 2021, the price has been following an interesting uptrend, after a strong bullish impulse got on the level at about 1.35840, perfectly matching with a rejection on its ema 200 as well.
As you can see in the chart, the price seems is following the secondary trendline, breaking throught a daily S/R zone at about 1.39800 just few days ago.
🔴Conclusion:
In the daily time frame we can properly see a bullish market and I'm confident to see a trend continuation after an upcoming trend correction.
I'll be waiting for a pullback on its S/R zone and close to its secondary trendline before planning my long position on this trade.
Right now, I'd only keep this market in my watchlist!hypotheticalhypothetical
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
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